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#AIShiftsToSoftware The latest earnings season suggests that AI monetization is expanding from hardware into enterprise software. Nvidia’s strong results confirmed continued demand for computing infrastructure, but Salesforce, CrowdStrike and Okta also delivered better-than-expected results. Salesforce raised its full-year revenue guidance, while CrowdStrike highlighted stronger demand for protecting AI systems and Okta reported dozens of deals involving AI-agent identity security. This broadening matters because the AI investment cycle cannot depend permanently on chip purchases alone. Businesses must eventually earn returns through software, automation, security and customer-facing applications. The strongest platforms may successfully replace traditional per-user pricing with charges based on agent activity or completed work. However, investors should separate genuine recurring revenue from temporary enthusiasm. Software companies still need to prove that AI products improve customer retention, margins and cash flow rather than simply increasing computing expenses.